• bitcoinBitcoin (BTC) $ 42,977.00 0.18%
  • ethereumEthereum (ETH) $ 2,365.53 1.12%
  • tetherTether (USDT) $ 1.00 0.2%
  • bnbBNB (BNB) $ 302.66 0.19%
  • solanaSolana (SOL) $ 95.44 1.28%
  • xrpXRP (XRP) $ 0.501444 0.1%
  • usd-coinUSDC (USDC) $ 0.996294 0.34%
  • staked-etherLido Staked Ether (STETH) $ 2,367.26 1.4%
  • cardanoCardano (ADA) $ 0.481226 2.68%
  • avalanche-2Avalanche (AVAX) $ 34.37 1.19%
  • bitcoinBitcoin (BTC) $ 42,977.00 0.18%
    ethereumEthereum (ETH) $ 2,365.53 1.12%
    tetherTether (USDT) $ 1.00 0.2%
    bnbBNB (BNB) $ 302.66 0.19%
    solanaSolana (SOL) $ 95.44 1.28%
    xrpXRP (XRP) $ 0.501444 0.1%
    usd-coinUSDC (USDC) $ 0.996294 0.34%
    staked-etherLido Staked Ether (STETH) $ 2,367.26 1.4%
    cardanoCardano (ADA) $ 0.481226 2.68%
    avalanche-2Avalanche (AVAX) $ 34.37 1.19%
image-alt-1BTC Dominance: 58.93%
image-alt-2 ETH Dominance: 12.89%
image-alt-3 BTC/ETH Ratio: 26.62%
image-alt-4 Total Market Cap 24h: $2.51T
image-alt-5Volume 24h: $144.96B
image-alt-6 ETH Gas Price: 5.1 Gwei
 

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10,000 Bitcoin Satoshi-era to exchanges

10,000 Bitcoin Satoshi-era to exchanges: Galaxy Digital sparks market jitters

Mariam Al-Yazidi

10,000 Bitcoin Satoshi-era to exchanges is shaking up the crypto world as Galaxy Digital initiates a massive move.

Over the span of just eight hours, more than $1.2 billion worth of Bitcoin was transferred to exchanges. This came directly from a legendary Satoshi-era wallet reawakened after 14 years of silence.

The movement, tracked by Lookonchain, has rattled market sentiment. Galaxy Digital received over 80,000 Bitcoin from a dormant wallet before initiating the transfer. Crypto enthusiasts were stunned by this rare activity, especially as Bitcoin hovered near record highs above $122,000.

Soon after the transactions, Bitcoin’s price started slipping. It fell from $119,000 to below $116,000 by late Thursday, according to CoinGecko. Currently, BTC trades around $115,800, down 2% over 24 hours. The market sees this dump as a warning sign of possible liquidation or strategic rebalancing by big players.

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Dormant whale wakes up: A rare event

Dormant Satoshi-era wallets rarely move coins. Their activity often fuels speculation, ranging from lost-key recovery to coordinated institutional deals. This transfer suggests serious market implications. Galaxy Digital could be preparing for OTC deals or even exchange liquidation.

The community is torn between seeing this as a bullish signal or a threat of a dump. Some investors panic at the prospect of large sell-offs. Others speculate the move might fund development, acquisitions, or long-term treasury shifts.

Either way, 10,000 Bitcoin Satoshi-era to exchanges during a volatile price phase creates unease. Whales can shift short-term momentum and leave retail investors guessing.

Galaxy Digital’s strategy under the microscope

This is not the first time Galaxy Digital has made bold moves. As one of the leading crypto investment firms, their strategies can sway confidence in the market. By moving coins at peak price moments, they may be maximizing value or hedging against incoming regulatory events.

Some analysts believe the firm is bracing for macroeconomic shifts or preparing for a new investment cycle. In either case, the effect is immediate: increased exchange supply and potential price volatility.

Crypto traders should watch closely. With 10,000 Bitcoin Satoshi-era to exchanges, markets may enter a reactive state. High-frequency traders are already responding with cautious sell-offs and tight stop-loss limits.

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This move may not be the last

Given Galaxy Digital still holds tens of thousands more Bitcoin from the same wallet, more action could follow. If additional transfers hit the exchanges, expect another wave of price fluctuations.

Investors must stay alert. The story of the reactivated Satoshi-era whale is far from over.

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What does “Satoshi-era Bitcoin” mean?

Satoshi-era Bitcoin refers to coins mined or received in the early days of Bitcoin, typically before 2011. These coins are historically significant and often untouched, suggesting they belonged to early adopters or possibly Satoshi Nakamoto himself. When these coins move, it creates buzz because it’s so rare. Such events spark debate over motives—whether it’s lost wallets being recovered, large investors shifting funds, or old stakeholders returning to the scene. The movement of these ancient coins carries weight in crypto circles due to the mythology and financial impact they represent.

Why would Galaxy Digital transfer 10,000 Bitcoin to exchanges?

There are several possible reasons. Galaxy Digital might be preparing to sell part of the holdings, fund new ventures, or rebalance portfolios. Sending Bitcoin to an exchange usually signals potential sale activity, though it could also support over-the-counter (OTC) transactions. The timing—during all-time highs—suggests strategic decision-making to maximize gains or hedge against potential downturns. It’s also possible that the company is managing liquidity in anticipation of market changes. The sheer scale of the transfer is enough to impact price and stir speculation.

How does such a large Bitcoin move affect the market?

When large amounts of Bitcoin are sent to exchanges, it typically increases short-term selling pressure. Traders interpret these transfers as a sign of upcoming sales, which often causes panic or price drops. As supply on exchanges grows, prices may dip due to fear of massive dumps. It also causes ripple effects across trading algorithms, liquidations, and market sentiment. However, if the coins are used for OTC trades, the impact might be muted. Either way, such transfers trigger volatility and make traders cautious.

Are dormant wallets often reactivated?

Dormant wallets, especially those from the Satoshi era, rarely reactivate. When they do, it makes headlines. These wallets can hold vast amounts of BTC, and their owners are often unknown. The reactivation of such wallets is viewed as significant—both from a historical perspective and for market implications. It can mean a forgotten wallet was recovered, someone regained access, or a large player is preparing to move funds. Each case fuels community discussion and can influence short-term market behavior dramatically.

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